Success Story: Egomnia

With our intuitive application, you can certify and legally protect any file and data on the Blockchain, obtaining a blockchain certificate that is traceable and verifiable at any time from any device.

get started Info

BLOCKCHAIN FOR BUSINESSES

BLOCKCHAIN FOR BUSINESSES

How does blockchain work for business?

Our blockchain solution for business is based on a distributed and immutable ledger designed to operate on an authorisation basis. This approach ensures a significant increase in collaboration efficiency between trusted entities, where authorised participants can simultaneously access the same information to enhance efficiency, build trust, and eliminate difficulties.
Blockchain offers a range of tangible benefits for companies conducting transactions:
Increased Trust: Blockchain's transparency and immutability create a climate of trust between parties, facilitating collaboration and reducing disputes.
Improved Efficiency: Automation and process simplification reduce costs and accelerate transaction times.
Cost Reductions: Eliminating intermediaries and reducing manual errors result in significant cost savings.
Scalability: Blockchain is inherently scalable, accommodating a growing number of users and transactions without compromising performance

BLOCKCHAIN NOTARIZATION

Ylium: Blockchain Applications for Business

Contract and Document Management in Procurement through Blockchain

In the procurement sector, managing contracts and documents is often complex, prone to errors, and inefficient. Verifying compliance, authenticating documents, and tracking changes can be costly and time-consuming. Ylium provides a secure and immutable environment for storing and managing critical documentation, ensuring complete integrity and traceability.
Adopting this technology in procurement enables companies to improve contract and document management, reduce legal and operational risks, and enhance collaboration and trust between suppliers and clients. Discover the solution and success story.

Food Safety

We all care about what we eat, often questioning the safety and freshness of the food on our tables. Imagine replacing these doubts with complete transparency at every step of the journey from the farm to your table. Thanks to the Ylium platform, many companies are already turning this vision into reality by making crucial data accessible throughout the entire supply chain.
Discover how growers, producers, distributors, and retailers are extending product shelf life, minimising waste, and ensuring access to secure and shared information that directly affects us all. Explore the success story.

Transparent and Secure GDPR Consent Management via Blockchain

Companies operating in the EU must comply with GDPR regulations, which require explicit and traceable user consent for processing their personal data. The main challenge is to securely manage and maintain these consents in a transparent and easily accessible manner for audits and checks.
Our blockchain-based solution records and manages user consent. Each time a user grants or revokes consent for data processing, the transaction is recorded as a block on the blockchain, allowing verification of its current status and any changes over time.
Companies can effectively demonstrate GDPR compliance during inspections and audits, reducing the risk of penalties. Users benefit from greater and more transparent control over their personal data, increasing trust in the organisation managing their data. Discover the Ylium platform.

FAQ

Frequently Asked Questions

Want to learn more? Here are some helpful answers. If you have additional questions, contact our Team.

Who benefits from Blockchain?

Due to its unique properties of security, transparency, and decentralisation, blockchain is useful for a wide range of sectors and individuals. It benefits businesses across various sectors, such as supply chain, finance, healthcare, government and public administration, legal, non-profit, tech companies, and more.

Which companies use blockchain?

Many companies across different industries have adopted blockchain technology to enhance their operations' efficiency, security, and transparency. Examples include Pfizer in the pharmaceutical sector, Siemens for energy services and transportation, and De Beers for tracking diamonds from the mine to the consumer.

What are the three properties of blockchain?

Blockchain is a powerful technology with several distinctive properties, the most fundamental being:
Decentralization: Blockchain distributes data across a network of nodes rather than centralising it in a single entity, eliminating single points of control or failure and reducing the need for intermediaries.
Immutability: Transactions recorded on the blockchain are permanent and cannot be altered without the consensus of the majority of the network, ensuring data security and integrity.
Transparency: Transactions are visible to all network participants, allowing for independent verification and auditing. Transparency varies depending on whether the blockchain is public or private.

What are the three main types of blockchain?

LBlockchains can be classified into three main types based on their access and governance:
Public Blockchain: Fully open and decentralised, allowing anyone to view transactions and participate in the consensus process. Examples include Bitcoin and Ethereum.
Private Blockchain: Controlled by a single entity or a small group, with restricted access and centralised decision-making. These are primarily used for managing sensitive corporate data.
Consortium Blockchain: Managed by a group of organisations, combining elements of public and private blockchains, ideal for collaborations between entities requiring security and shared control.

Notarisation Functionality

This feature ensures the authenticity and integrity of data by recording it on the blockchain. Each piece of data is logged with a timestamp and a unique identifier, creating an immutable and verifiable record. Additionally, data can be written onto the blockchain.

Data ID Functionality

Ylium assigns each registered piece of data a unique identifier (Data ID), simplifying its retrieval and verification within the blockchain ecosystem.

Supersede Functionality

In environments with continuously updating data, the Supersede feature allows for information to be updated while preserving a historical record of previous versions. This ensures complete data traceability and allows consulting earlier versions if needed.

Retract Functionality

This option allows users to invalidate or retract previously recorded data, ensuring that obsolete or incorrect information can be invalidated transparently and traceably.

Delegate Functionality

For greater flexibility, Ylium allows specific functions to be delegated to other users. The Delegate feature enables the assignment of permissions for using Announce, Supersede, and Retract to designated users, processes, or applications, optimising workflows and collaboration.

Audit Blockchain Functionality

The Audit Blockchain functionality allows for easy searching and verification of specific data and transactions on the blockchain. This ensures unprecedented transparency and traceability, valuable for internal reviews and external audits.

Contact Form

To learn more about Ylium and how we can help you grow, please fill out the following form, and one of our experts will reach out to you.